@Barcode:$SPDR Gold Shares(GLD)$ $GLD option volume hit record highs last week, sending 1M IV to 30% (5Y high!). Gold vol now trades 4Ο above long-term avg. Despite the equity rally, risk aversion rose: $SPX skew steepened to 1Y high as traders sold upside calls to fund downside protection. πβββββ¨ β£β‘βββββ βββββ! βββββ‘β’, ββπππ